Board Ballot May 16, 2017

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U.S. STANDARD GENERAL LEDGER (USSGL)

VOTING BALLOT #17-01

The USSGL staff presented the Draft Voting Ballot #17-01 at the April 20, 2017, USSGL IRC meeting. Please indicate 

the agency’s vote by marking “yes” or “no” on the voting ballot for each proposal to revise the USSGL. Provide a 

detailed justification for all “no” votes. Fax page 1 and any attachments containing comments or justifications for 

negative votes to 301-436-1039 or vote via Survey Monkey. The Survey Monkey link will be provided to the voting 

USSGL IRC board members. Fiscal Service must receive the agency’s votes by EST. 12:00 PM May 16, 2017.

Revisions: None

FISCAL YEAR 2017

ADD: CHANGE:

119090 Pg. 2 Yes____ No____ 415900 Pg. 6 Yes____ No____

135090 Pg. 2 Yes____ No____ 719100 Pg. 6 Yes____ No____

135990 Pg. 2 Yes____ No____ 729100 Pg. 7 Yes____ No____

411991 Pg. 3 Yes____ No____

411992 Pg. 3 Yes____ No____

411993 Pg. 3 Yes____ No____

411994 Pg. 4 Yes____ No____

426800 Pg. 4 Yes____ No____

429590 Pg. 4 Yes____ No____ 

435190 Pg. 5 Yes____ No____

462091 Pg. 5 Yes____ No____ 

591910 Pg. 5 Yes____ No____

DELETE: NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

119300 Pg. 8 Yes____ No____ The title of the General fund in the TFM has been revised to 

“General Fund of the U.S. Government." 

FISCAL YEAR 2018

ADD: CHANGE:

151600 Pg. 9 Yes____ No____ None

DELETE: NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

None None 

Proposed Technical Changes to the USSGL Board Bylaws Pg. 9 Yes ___ No ____

Name: ______________________________________________

Agency: _____________________________________________

Date: _____________________________
Board Ballot May 16, 2017

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PROPOSED NEW USSGL ACCOUNT FOR FISCAL 2017

PROPOSED USSGL ACCOUNTS:

Account Title: Other Cash – International Monetary Fund 

Account Number: 119090

Normal Balance: Debit 

Definition: The amount of cash holdings in FRBNY Number 1 account. This USSGL can only be 

used by the Department of the Treasury. This account does not close at yearend.

Justification: Needed to crosswalk to the Edit 994.

Account Title: Loans Receivable - International Monetary Fund 

Account Number: 135090

Normal Balance: Debit 

Definition: The amount loaned to the International Monetary Fund under the New Arrangements to 

Borrow (NAB). This USSGL can only be used by the Department of the Treasury. This account 

does not close at yearend.

Justification: Needed to crosswalk to the 2108.

Account Title: Allowance for Loss on Loans Receivable - International Monetary Fund 

Account Number: 135990

Normal Balance: Credit

Definition: The estimated amounts of FX rate changes for loans to the International Monetary Fund 

under the New Arrangements to Borrow (NAB). This USSGL can only be used by the Department 

of the Treasury. This account does not close at yearend.

Justification: Allowance account associated with 135090.
Board Ballot May 16, 2017

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Account Title: Other Appropriations Realized - International Monetary Fund – Reserve Tranche

Account Number: 411991

Normal Balance: Debit

Definition: The amount of budget authority appropriated for International Monetary Fund as 

specified in the appropriation language for the increase in the reserve tranche position. This 

USSGL can only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for appropriations received.

Account Title: Other Appropriations Realized - International Monetary Fund – Letter of Credit

Account Number: 411992

Normal Balance: Debit

Definition: The amount of budget authority appropriated for International Monetary Fund as 

specified in the appropriation language for the increase in the letter of credit. This USSGL can only 

be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for appropriations received.

Account Title: Other Appropriations Realized - International Monetary Fund – New Arrangements 

to Borrow

Account Number: 411993

Normal Balance: Debit

Definition: The amount of budget authority appropriated for International Monetary Fund as 

specified in the appropriation language for the increase in the New Arrangements to Borrow. This 

USSGL can only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for appropriations received. This USSGL will 

crosswalk to the new memo lines associated with International Monetary Funds.
Board Ballot May 16, 2017

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Account Title: Other Appropriations Realized - International Monetary Fund – Exchange Rate 

Change (NAB)

Account Number: 411994

Normal Balance: Debit

Definition: The amount of budget authority appropriated for International Monetary Fund due to an 

increase in the exchange rate in the New Arrangements to Borrow. This USSGL can only be used 

by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for appropriations received. This USSGL will 

crosswalk to the new memo lines associated with International Monetary Funds.

Account Title: Interest Collected From Foreign Securities and Special Drawing Rights (SDR)

Account Number: 426800

Normal Balance: Debit

Definition: The amount of interest collected during the fiscal year from foreign securities. The 

amount of the net change consisting of interest, charges and assessments related to SDR’s. 

Although the normal balance in this account is a debit, it is acceptable in certain instances for this 

account to have a credit balance when a loss is recognized. This USSGL account is to be used only 

by the Department of the Treasury.

Justification: The Exchange Stabilization Fund is now incurring negative interest in their foreign 

investments.

Account Title: Adjustments to the International Monetary Fund

Account Number: 429590

Normal Balance: Debit

Definition: The amount of increase or decrease in International Monetary Fund as a result of 

revaluation and foreign exchange rate adjustments. Although the normal balance in this account is 

a debit, it is acceptable in certain instances for this account to have a credit balance (when a loss is 

recognized).

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. 
Board Ballot May 16, 2017

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Account Title: Partial Cancellation of Authority – International Monetary Fund

Account Number: 435190

Normal Balance: Credit

Definition: The amount of no-year appropriation authority that is canceled early by administrative 

action. This USSGL can only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources

Account Title: Unobligated Funds Exempt From Apportionment - International Monetary Fund -

New Arrangements to Borrow (NAB)

Account Number: 462091

Normal Balance: Credit

Definition: The amount of unobligated budgetary resources in programs exempt from 

apportionment that is available for commitment and obligation for the International Monetary Fund, 

New Arrangements to Borrow. This account does not close at yearend. This USSGL can only be 

used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. 

Account Title: Cancellations of Revenue and Other Financing Sources – The General Fund of the 

U.S. Government

Account Number: 591910

Normal Balance: Credit

Definition: The amount of canceled authority derived from revenue and other financing sources 

returned to the General Fund of the U.S. Government. This account is for the General Fund of the 

U.S. Government use only. 

Justification: This account is needed to properly eliminate with 591900 “Revenue and Other 

Financing Sources – Cancellations.”
Board Ballot May 16, 2017

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PROPOSED CHANGES TO CURRENT USSGL ACCOUNT FOR FISCAL 2017

Account Title: Repayment of Repayable Advances 

Account Number: 415900 

Normal Balance: Credit 

Definition: Amounts actually transferred by nonexpenditure transfer during the fiscal year to 

Advances to the Unemployment Trust Fund and Other Funds for repayment of repayable advances. 

This transaction is accomplished via a Nonexpenditure Transfer. This USSGL account is to be used 

by only the Department of Labor and Department of Health and Human Services. Use only with 

Office of Management and Budget approval.

Justification: To modify the definition for Department of Health and Human Services.

Current Account Title: Other Gains for Accrued Special Drawing Right (SDR) Interest and 

Charges

Proposed Account Title: Gains for Exchange Stabilization Fund (ESF) Accrued Interest and 

Charges

Account Number: 719100

Normal Balance: Credit

Current Definition: When SDR interest rate changes, accrued SDR interest/charges reflect a gain 

in the following circumstances: if interest rates increase, the gain is recorded in SDR interest; if 

interest rates decrease, then a gain is recorded in SDR charges. This USSGL account is to be used 

only by the Department of the Treasury.

Proposed Definition: When the Special Drawing Right (SDR) and foreign exchange rates change, 

accrued SDR interest/charges and accrued interest on foreign securities reflect a gain in the 

following circumstances: if the SDR-USD, Euro-USD, or Yen-USD exchange rate increases, a gain 

is recorded on SDR accrued interest and accrued interest on foreign securities as applicable; if the 

SDR-USD exchange rate decreases, a gain is recorded on accrued SDR charges. This USSGL 

account is to be used only by the Department of Treasury.

Justification: To expand on the definition.
Board Ballot May 16, 2017

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Current Account Title: Other Losses for Accrued Special Drawing Right (SDR) Interest and 

Charges

Proposed Account Title: Losses for Exchange Stabilization Fund (ESF) Accrued Interest and 

Charges

Account Number: 729100

Normal Balance: Debit

Current Definition: When SDR interest rates change, accrued interest/charges result in a loss in 

the following circumstances: if interest rates decrease, then a loss is recorded in SDR interest; if 

interest rates increase, then a loss is recorded in SDR charges. This USSGL account is to be used 

only by the Department of the Treasury.

Proposed Definition: When the Special Drawing Right (SDR) and foreign exchange rates change, 

accrued SDR interest/charges and accrued interest on foreign securities reflect a loss in the 

following circumstances: if the SDR-USD, Euro-USD, or Yen-USD exchange rate decreases, a loss 

is recorded on SDR accrued interest and accrued interest on foreign securities as applicable; if the 

SDR-USD exchange rate increases, a loss is recorded in SDR accrued charges. This USSGL 

account is to be used only by the Department of Treasury.

Justification: To expand on the definition.
Board Ballot May 16, 2017

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The following proposed deletion of current USSGL accounts will be effective for fiscal 2017 reporting.

PROPOSED DELETION OF CURRENT USSGL ACCOUNTS

Account Title: International Monetary Fund Assets - Reserve Position 

Account Number: 119300

Normal Balance: Debit

Definition: The balance of assets held in the International Monetary Fund excluding holdings of 

Special Drawing Rights. This account does not close at yearend.

Justification: This account is no longer needed for IMF. 
Board Ballot May 16, 2017

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PROPOSED NEW USSGL ACCOUNT FOR FISCAL 2018

Account Title: Operating Materials and Supplies in Development

Account Number: 151600

Normal Balance: Debit

Definition: The cost incurred or value of tangible personal property, such as operating materials 

and supplies in development that will be consumed in normal operations upon completion of 

development. Upon completion, these costs will be transferred to USSGL account 151100, 

“Operating Materials and Supplies Held for Use,” or USSGL account 151200 “Operating Materials 

and Supplies Held in Reserve for Future Use.” Only the Department of Defense may use this 

account. This account does not close at yearend.

Justification: Department of Defense procures various items as part of their Operating Material and 

Supplies that often require development by contractors/vendors. Such items result in progress 

payments made over a number of years while the items are developed. However, title is passed to 

DOD upon payment and not necessarily on delivery of the good. This USSGL account will provide 

a standard means for DOD to record this asset.

PROPOSED TECHNICAL CHANGES TO THE USSGL BOARD BYLAWS

Please refer to the USSGL Board meeting handout, “USSGL Board Meeting: Ballot Items for FY17

and FY18” for specific changes.